The Treasury Mint gold sales in H1 jumped by 141%
11:46
The Treasury Mint sold 2.4 tonnes of gold in the first half of the year, an increase of 141%. In the second quarter alone, gold sales amounted to 0.9 tonnes, the company said.
Bars of 100g and 1oz were most popular among buyers. Bullion coins, especially the Canadian Maple Leaf and the Australian Kangaroo were also in demand. The company carried out several thousand gold sales transactions a month, both in its stationary network and online.
"Worldwide demand for gold remains high, although we are seeing a slight decline. The initial buying fever caused by the war in Ukraine weakened slightly in the second quarter,” President Jarosław Żołędowski said in a statement. Purchases of physical gold in the US retail market fell by 4% compared to the second quarter of 2021 and amounted to 28.6 tonnes, but in the long-term Żołędowski expects them to remain at a high level. The volume of purchases of gold bars and coins in Europe also slightly decreased.
(ISB News)
